Perth-based builder Start Right Homes has become the latest company to go into liquidation, with dozens of houses left unfinished. The Osborne Park building company, which mainly constructed single-storey houses, appointed liquidators on Sunday. According to Western Australia’s Building and Energy department, the company is yet to complete 24 projects.Continue Reading
A building company has collapsed into liquidation with 50 homeowners across Melbourne and regional Victoria impacted. News.com.au can reveal that River Dale Building Group Pty Ltd which traded under the name Chatham Homes went into voluntary liquidation less than 24 hours ago. Andrew Schwarz of insolvency firm AS Advisory wasContinue Reading
A NSW family has lost $59,000 in the wake of their builder going into liquidation. Chris Le, his partner, and both their sets of parents had paid a hefty deposit to Simone Homes to build them a house on a plot of land in Eagle Vale, in Sydney’s southwest. ButContinue Reading
A Victorian state MP is demanding the government pay back the tradie victims caught up in the $4.2 million collapse of a lead building contractor. Last month, news.com.au reported that Exel Infragroup Pty Ltd had plunged into liquidation owing $4.225 million to 83 creditors. The Victorian-based business was the leadContinue Reading
Tradies and homeowners have been left reeling from the news that a Sydney building company has gone bust. Last Thursday, on August 24, Simone Homes Pty Ltd went into voluntary liquidation. The family-run business was headquartered in Leppington in Sydney’s southwest and its liquidator is now Bradley John Tonks ofContinue Reading
Yet another building company has collapsed, becoming one more casualty amid an industry-wide crisis. NSW-based Rescon Builders Pty Ltd, which was trading as Rescon Granny Flats, went into voluntary administration at the end of June. As its name suggests, the builder specialised in granny flats and worked on projects acrossContinue Reading
Yet another building company has collapsed, making it the fifth building company this week revealed to have gone under amid an industry-wide crisis. News.com.au can reveal that on July 11, Melbourne-based residential builder Construct Homes Pty Ltd went into receivership. Oak Capital Mortgage Fund appointed Sam Kaso of insolvency firmContinue Reading
When Jen* checked her emails last week and saw one unread message from her builder waiting in her inbox, she opened it with dread. She hadn’t heard from her builder for weeks, despite multiple calls and emails, leaving her with no explanation on why the build on her four-bedroom, two-bathroomContinue Reading
With talk about the potential for a recession ramping up in Australia and around the world, would-be investors today have cause for concern. As an investor, you don’t want to make a mistake you later regret, and this fear can be paralysing. But at the same time, there’s a hugeContinue Reading
Homeowners and tradies have been left reeling by the news that yet another construction firm has collapsed, leaving them thousands out of pocket. On Monday, NSW building company Allura Homes Pty Ltd went into liquidation. The firm, which was based on Sydney’s lower north shore in Lane Cove, had 39Continue Reading